Yes, oversupply only if destocking is part of supply. That and it still wasn’t enough to send price back to $1000 US.
Low inventories may come back to haunt non integrated producers, wherever that is in the supply chain.
So, miners suck it up for now, if we call current price sucking it up. 2019/20 was sucking it up.
The downstream partnering process is vital, and fast tracking that, with IRA support, would be F’awesome.
Good News & Bad News, page-35495
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |